- Fintech firm Paysend, which was founded in 2017, will expand its operations in the crucial Asia Pacific region – and has appointed a new staff member to head up its operations there.
- Steve Vickers has previously worked for companies such as Thunes, and will now work on a localised business development strategy that suits the company’s goals in the region.
- A senior figure at the company said that the firm was looking forward to “enormous opportunities” for growth on top of those that it has already enjoyed.
British cross-border payments fintech firm Paysend has confirmed that it will be expanding its operations in the Asia Pacific region.
The company said that it will be expanding in the region as part of a goal to grow its service there.
The company also said that it had recruited a new senior figure to head up the new part of the business.
Steve Vickers will serve as the managing director of Paysend APAC, the company said.
He will be based in Singapore.
He will be given the job of putting into place a localised strategy for business development – including by setting up partnerships with other organisations across this important region for the industry.
He has formerly worked in a lot of different sub-sectors of the online world.
His experience is believed to span everything from media companies to digital services organisations.
In a statement, he described the company that he is about to begin working for as a “trusted” partner.
“Paysend is establishing itself as a trusted cross-border payments partner, with millions of customers using the Global Transfers and Global Account services every month,” he said.
He added that the company’s key services, which include a virtual debit card and accounts accepting multiple currencies, will be available across the continent.
“We intend to offer our multi-currency account, virtual debit card, and global transfer capabilities to individuals and SMEs throughout Asia,” he said.
Vickers has previously worked in a number of other organisations such as the financial technology company Thunes.
Paysend, which was launched in 2017, can support connections between 12 billion bank cards around the world.
It is operable with Visa, Mastercard, and many others.
In a further statement, the company’s founder and president Abdul Abdulkerimov said that the firm had a strong track record already – but it was also looking for future opportunities.
He explained that the company’s existing deals with firms such as Alipay provided a good base from which to build.
“Building from our existing partnership deals with Mastercard, Visa, China UnionPay, and Alipay, among many others, I see enormous opportunities to expand our industry leading card-to-card direct transfer offerings further, providing additional benefits for the millions of unbanked individuals across Asia Pacific,” he said.
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